Neiman Marcus 2014 Annual Report Download - page 3

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Table of Contents
‑
This Annual Report on Form 10-K, including the sections entitled “Business” in Item 1, “Risk Factors” in Item 1A and “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” in Item 7, contains forward‑looking statements. In many cases, forward‑looking statements
can generally be identified by the use of forward‑looking terminology such as “may,” “plan,” “predict,” “expect,” “estimate,” “intend,” “would,” “will,”
“could,” “should,” “anticipate,” “believe,” “project” or “continue” or the negative thereof or other similar expressions.
The forward‑looking statements contained in this Annual Report on Form 10-K reflect our views as of the date of this Annual Report on Form 10-K
and are based on our expectations and beliefs concerning future events, as well as currently available data as of the date of this Annual Report on Form 10-K.
While we believe there is a reasonable basis for our forward‑looking statements, they involve a number of risks, uncertainties, assumptions and changes in
circumstances that may cause our actual results, performance or achievements to differ significantly from those expressed or implied in any forward‑looking
statement. Therefore, these statements are not guarantees of future events, results, performance or achievements and you should not rely on them. A variety of
factors could cause our actual results to differ materially from the anticipated or expected results expressed in our forward‑looking statements, including
those factors described in “Risk Factors” in Item 1A and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item
7. Factors that could cause our actual results to differ from our expectations include, but are not limited to:
• economic conditions that negatively impact consumer spending and demand for our merchandise;
• our failure to anticipate, identify and respond effectively to changing consumer demands, fashion trends and consumer shopping preferences,
which could adversely affect our business, financial condition and results of operations;
• the highly competitive nature of the luxury retail industry;
• our failure to successfully execute our omni‑channel plans, which could adversely affect our business, financial condition and results of
operations;
• the success of our advertising and marketing programs;
• the success of the expansion and growth of our retail stores, which are subject to numerous risks, some of which are beyond our control;
• our inability to successfully maintain a relevant and reliable omni‑channel experience for our customers, which could adversely affect our
financial performance and brand image;
• costs associated with our expansion and growth strategies, which could adversely affect our business and performance;
• a significant portion of our revenue is from our stores in four states, which exposes us to downturns or catastrophic occurrences in those states;
• our dependency on our relationships with certain designers, vendors and other sources of merchandise;
• a breach in information privacy, which could negatively impact our operations;
• our dependency on positive perceptions of our company, which, if eroded, could adversely affect our customer and employee relationships;
• the loss of, or disruption in, one or more of our distribution facilities, which could adversely affect our business and operations;
• our failure to comply with, or developments in, laws, rules or regulations, which could affect our business or results of operations;
• our substantial indebtedness, which could adversely affect our business, financial condition and results of operations and our ability to fulfill
our obligations with respect to such indebtedness;
• the restrictions in our debt agreements that may limit our flexibility in operating our business; and
• other risks, uncertainties and factors set forth in this Annual Report on Form 10-K, including those set forth under “Risk Factors” in Item 1A.
The foregoing factors are not exhaustive, and new factors may emerge or changes to the foregoing factors may occur that could impact our business.
Each of the forward‑looking statements contained in this Annual Report on Form 10-K speaks
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